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Thread: Eastern German Economy Grows Faster Than Expected

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    Eastern German Economy Grows Faster Than Expected

    Germany's formerly communist eastern states need just 10 more years to match the economic output of the poorest western states, according to a new study released by the IW economic institute in Cologne on Tuesday.

    The study, released just one week ahead of the 20th anniversary of the fall of the Berlin Wall, found that the economy in the eastern states grew twice as quickly as other places dealing with similar factors after the end of the Cold War. It also estimated the eastern states were soon set to catch the poorest western states of Lower Saxony and Schleswig-Holstein.

    “This year the gross domestic product will reach 70 percent of the western German levels – and according to economic convergence theory this goal should have first been reached in 2028,” the IW said in a statement.

    The surprisingly speedy growth comes thanks to heavy industry, which now makes up one-fifth of the economy in the east compared to one-fourth in the west, the study said.

    Leading the pack is Thuringia, which has seen manufacturing grow by 10 percent each year for the last two decades. Meanwhile the state of Brandenburg, which surrounds Berlin, has seen its manufacturing base increase by eight percent each year.

    Once the economic performance of the former East German states matches that of western states, special aid reconstruction programmes such as the Soli, or 5.5 percent income tax “solidarity surcharge,” should be phased out, according to the study.
    http://www.thelocal.de/money/20091103-22999.html

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    It sounds like East Germany is doing a good job of establishing itself outside of the Eastern Bloc & the Iron Curtain. Mother Russia is still having a very difficult time establishing itself, after the fall of Communism.

    Related Reading:

    http://ideas.repec.org/p/ham/qmwops/20012.html

    http://www.newworldencyclopedia.org/entry/Eastern_Europ

    http://www.russiaprofile.org/page.ph...id=a1187177738

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    Quote Originally Posted by Todesengel View Post
    Germany's formerly communist eastern states need just 10 more years to match the economic output of the poorest western states
    Wow, they need ten more years to keep up with the poorest part of Western Germany? This sounds very sad, actually.
    The Indians did not stop the flood of immigrants - today they live in reservations.

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    Quote Originally Posted by Stimme View Post
    Wow, they need ten more years to keep up with the poorest part of Western Germany? This sounds very sad, actually.
    Living quality can't be measured by income alone. I don't see Eastern Germany lags that far from even the more prosperous part of Western Germany.

    In my opinion, the historically Protestant-dominated region of Germany (Most of East Germany and considerable portions of West Germany) are often more liveable than the historically Catholics-dominated region. That is due to the lower presence of heavy industry in the region, the less mountainous landscape that is suitable for farming, and the more orderly living environment commonly found in the region. Moreover, DDR provided the foundation for a further secularized social atmosphere in Eastern Germany, this goes closer to Germanic ideal.

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